GDX’s small-cap equivalent, the Market Vectors Junior Gold Miners ETF (NYSEArca: GDXJ) has, not surprisingly, been even worse this week. GDXJ is looking at a weekly loss of 7.2%.
That is good news for one new ETF. Not all new ETFs are blessed with good timing, but the Direxion Daily Junior Gold Miners 3X Bear Shares (NYSEArca: JDST) might be the exception. JDST debuted on October 4. If Friday trading closed right now, JDST would finish the week with an almost 24% gain. [DUST, NUGT get Small-Cap Counterparts
Direxion Daily Junior Gold Mines ETF
ETF Trends editorial team contributed to this post. Tom Lydon’s clients own shares of GLD.